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K-Solar (Private) Limited, the renewable energy subsidiary of K-Electric's investment arm KE Ventures Company, has signed an MOU with Chinese manufacturer Mingyang to develop wind energy and battery storage projects in Pakistan. The partnership could reduce fuel cost adjustments on Karachi electricity bills if projects progress from agreement to construction.
K-Electric led Pakistan Stock Exchange trading on Wednesday with 83.4 million shares as the KSE-100 gained 1,878 points to close at 179,571, ending a three-session losing streak. The Finance Bill 2026-27's amended electric vehicle duty structure and growing expectations of an SBP interest rate cut on 27 July 2026 drove broad buying interest across the market.
K-Electric topped the Pakistan Stock Exchange volume chart with 83.4 million shares traded on Tuesday as the KSE-100 benchmark shed 778 points to close at 177,692.92, marking a third consecutive session of losses. Energy sector stocks OGDC, PPL, and Sui Northern Gas Pipelines collectively added 217 points of support, while banking and fertilizer heavyweights dragged the index down by 595 points.
NEPRA has approved a net electricity rate cut of around 80 paisa per unit for June 2026 billing, growing to Rs 1.99 per unit in July and August. The relief results from a Quarterly Tariff Adjustment of Rs 1.99 per unit for Q1 2026 outweighing a concurrent Rs 1.19 per unit Fuel Cost Adjustment for April, delivering roughly Rs 56 billion in total consumer benefit over three months.
The federal government and Karachi consumer groups formally opposed K-Electric's Rs 60 billion backdated End-of-Term adjustment claims at a NEPRA public hearing on Tuesday. NEPRA acknowledged the legal basis for the adjustments under the 2017–23 MYT framework but did not issue a final determination.
Pakistan's Q1 2026 solar imports crossed 22GW — more than a decade of grid capacity — as industrial and residential buyers race to bypass rising tariffs.
K-Electric has filed an MYT petition asking NEPRA for an average Rs. 5.62/unit hike, citing distribution losses and rising capex costs.